Happy Hope Foundation Inc
EIN: 454527881 · West Wareham, MA · NTEE: T30
| Metric | Value |
|---|---|
| Total Revenue | $1.3M |
| Total Expenses | $1.2M |
| Net Assets | $370K |
Is Happy Hope Foundation Inc Legit?
Insufficient Data
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
About Happy Hope Foundation Inc
Happy Hope Foundation Inc (EIN: 454527881) is a nonprofit organization based in West Wareham, MA, classified under NTEE code T30. The organization reported total revenue of $1.3M and total assets of $823K according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Happy Hope Foundation Inc's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Happy Hope Foundation Inc is a mid-size nonprofit that has been operating for 13 years, with 10 years of IRS 990 filings on record (2014–2023). Revenue has grown at a compound annual rate of 40.5%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $1.2M |
| Total Expenses | $1.2M |
| Surplus / Deficit | +$10K |
| Total Assets | $491K |
| Total Liabilities | $121K |
| Net Assets | $370K |
| Operating Margin | 0.8% |
| Debt-to-Asset Ratio | 24.7% |
| Months of Reserves | 4.9 months |
Financial Health Grade: A
In 2023, Happy Hope Foundation Inc reported a surplus of $10K with revenue exceeding expenses, holds 4.9 months of operating reserves (adequate), has a debt-to-asset ratio of 24.7% (moderate leverage).
Financial Trends
Over 10 years of filings (2014–2023), Happy Hope Foundation Inc's revenue has grown at a compound annual growth rate (CAGR) of 40.5%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | -31.8% | -30.8% | +28.2% |
| 2022 | +135.0% | +53.9% | -1.9% |
| 2021 | -21.9% | +3.2% | -48.1% |
| 2020 | -25.3% | -16.2% | -7.4% |
| 2019 | -16.1% | +4.6% | +2.4% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 1000 |
| IRS Ruling Date | 2013 |
Classification data from ProPublica Nonprofit Explorer. Additional BMF data may be available after enrichment.
AI Analysis Pending
AI enrichment for Happy Hope Foundation Inc has not yet been completed. Basic IRS 990 data is shown below. Check back later for a full transparency report including a Mission Score, spending breakdown, executive compensation analysis, and red flags assessment.
Mission Effectiveness Score
NonprofitSpending's AI analysis rates Happy Hope Foundation Inc with a Mission Score of 0 out of 100 (Very Poor). This score reflects the organization's overall financial transparency, program spending efficiency, and governance indicators derived from IRS 990 public filings.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
- The organization reported a surplus of $10K, with revenue exceeding expenses.
- Debt-to-asset ratio: 24.7%.
Frequently Asked Questions about Happy Hope Foundation Inc
Is Happy Hope Foundation Inc a legitimate charity?
Based on AI analysis of IRS 990 filings, Happy Hope Foundation Inc (EIN: 454527881) insufficient data. 0 red flags identified, 0 strengths noted.
How does Happy Hope Foundation Inc spend its money?
Detailed spending breakdown data is not yet available for Happy Hope Foundation Inc. Check back for updated IRS 990 analysis.
Are donations to Happy Hope Foundation Inc tax-deductible?
Happy Hope Foundation Inc is registered as a tax-exempt nonprofit (EIN: 454527881). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
Where is Happy Hope Foundation Inc located?
Happy Hope Foundation Inc is headquartered in West Wareham, Massachusetts and files with the IRS under EIN 454527881. It is classified under NTEE code T30.
How many years of IRS 990 filings does Happy Hope Foundation Inc have?
Happy Hope Foundation Inc has 10 years of IRS 990 filings on record at NonprofitSpending. This extensive filing history provides a strong basis for evaluating long-term financial trends. The most recent filing shows $1.3M in total revenue.
Filing History
IRS 990 filing history for Happy Hope Foundation Inc showing financial trends over 10 years of public records:
Over 10 years of IRS 990 filings (2014–2023), Happy Hope Foundation Inc's revenue has grown by 2033.3%, moving from $57K to $1.2M. Total assets increased by 2202.6% over the same period, from $21K to $491K. Total functional expenses rose by 2718.9%, from $43K to $1.2M. In its most recent filing year (2023), Happy Hope Foundation Inc reported a surplus of $10K, with revenue exceeding expenses. The organization holds $121K in liabilities against $491K in assets (debt-to-asset ratio: 24.7%), resulting in net assets of $370K.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $1.2M | $1.2M | $491K | $121K | — | — |
| 2022 | $1.8M | $1.8M | $383K | $118K | — | View 990 |
| 2021 | $762K | $1.1M | $391K | $164K | — | View 990 |
| 2020 | $976K | $1.1M | $752K | $151K | — | — |
| 2019 | $1.3M | $1.3M | $813K | $56K | — | View 990 |
| 2018 | $1.6M | $1.3M | $794K | $31K | — | View 990 |
| 2017 | $945K | $611K | $489K | $33K | — | View 990 |
| 2016 | $203K | $134K | $146K | $10K | — | View 990 |
| 2015 | $80K | $67K | $68K | $871 | — | View 990 |
| 2014 | $57K | $43K | $21K | $0 | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $1.2M, expenses of $1.2M, and assets of $491K (revenue -31.8% year-over-year).
- 2022: Revenue of $1.8M, expenses of $1.8M, and assets of $383K (revenue +135.0% year-over-year).
- 2021: Revenue of $762K, expenses of $1.1M, and assets of $391K (revenue -21.9% year-over-year).
- 2020: Revenue of $976K, expenses of $1.1M, and assets of $752K (revenue -25.3% year-over-year).
- 2019: Revenue of $1.3M, expenses of $1.3M, and assets of $813K (revenue -16.1% year-over-year).
- 2018: Revenue of $1.6M, expenses of $1.3M, and assets of $794K (revenue +64.7% year-over-year).
- 2017: Revenue of $945K, expenses of $611K, and assets of $489K (revenue +366.3% year-over-year).
- 2016: Revenue of $203K, expenses of $134K, and assets of $146K (revenue +153.4% year-over-year).
- 2015: Revenue of $80K, expenses of $67K, and assets of $68K (revenue +39.6% year-over-year).
- 2014: Revenue of $57K, expenses of $43K, and assets of $21K.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Happy Hope Foundation Inc:
Data Sources and Methodology
This transparency report for Happy Hope Foundation Inc is generated by NonprofitSpending's AI analysis engine. The data is sourced from publicly available IRS 990 filings accessed through the ProPublica Nonprofit Explorer API and IRS electronic filing records. The Mission Score, spending breakdown, and other analytical insights are produced by artificial intelligence and should be used as one of multiple factors when evaluating a nonprofit organization.
IRS 990 forms are annual information returns that most tax-exempt organizations must file with the IRS. These forms provide detailed financial information including revenue, expenses, assets, liabilities, and compensation of officers. NonprofitSpending processes this data to provide accessible transparency reports for donors, researchers, and the general public.
Disclaimer
AI-generated analysis based on IRS public records. Not financial or legal advice. Verify information directly with the organization.